14015 Oxnard St - Apartments FOR SALE


Van Nuys, CA 91401
$6,750,000 USD
818-667-6683
14015 Oxnard St, Van Nuys, CA for Sale
$6,750,000 USD
Apartments - FOR SALE
1/15
null | 5.6% Cap Rate

14015 Oxnard St
Van Nuys, CA 91401


HIGHLIGHTS

  • Built in 1962 | RSO Property
  • Great Value Add | 35% Upside
  • Brand New Roof in 2024
  • All New Panels and Subpanels
  • Seismic Retrofitting Completed
  • Great Unit Mix with 1, 2 & 3 Beds

OVERVIEW

The LAAA Team of Marcus & Millichap is pleased to present for sale Oxnard Gardens, a 32-unit garden-style apartment community located at 14015 Oxnard Street in Van Nuys, California. With about 35 percent upside in rents, this well-maintained property offers a prime value-add opportunity in one of the San Fernando Valley’s strongest rental submarkets. Additionally, Oxnard Gardens features a desirable unit mix with significant income growth potential. Recent capital improvements include a brand-new roof, updated electrical subpanels, and the completed soft-story seismic retrofit, which reduces future maintenance costs for new ownership. The property’s classic garden-style design enhances curb appeal, while gated access and on-site parking provide added convenience for residents. Strategically positioned in a high-demand rental market, the property benefits from its proximity to new construction, key employment hubs, shopping centers, and major transportation corridors, including the 405 and 101 Freeways. Van Nuys continues to experience strong rent growth, making this an attractive investment for those seeking long-term appreciation and income stability. With well-maintained common areas and room for interior upgrades, Oxnard Gardens presents an excellent opportunity for investors to increase rental income and capitalize on the continued demand for quality housing in the San Fernando Valley.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$159 USD /SF

# OF UNITS

32

PRICE/UNIT

$210,938

CAP RATE

5.6%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oxnard Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,750 SF

ZONING

R3

APN/PARCEL ID

2239-015-011

ASK ABOUT THIS PROPERTY

Glen ScherMarcus & MillichapMore Info
818-667-6683

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Glen ScherMarcus & MillichapMore Info
818-667-6683

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.